3 ms·
The housing market is not really what drives the economy. It is where a massive amount of credit has been funnelled in the last few decades, though. We do need
by smaddox 7y ago
The housing market is not really what drives the economy. It is where a massive amount of credit has been funnelled in the last few decades, though. We do need to change how our macro-economy functions, but unfortunately politicians and most of the economists advising them are oblivious to the critical role that credit plays.